Maple Capital Management Inc. Sells 2,041 Shares of Lockheed Martin Corporation $LMT

Key Points

• Maple Capital Management Inc. reduced its stake in Lockheed Martin by 6.3%, now holding 30,239 shares worth approximately $13.5 million, making it the company's 29th largest holding.
• Lockheed Martin recently reported earnings of $7.29 per share, exceeding analysts' expectations, and has set a fiscal guidance of 21.700-22.000 EPS for FY 2025.
• The company declared a quarterly dividend of $3.30 per share, reflecting an annualized dividend yield of 2.8%.

Maple Capital Management Inc. trimmed its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 6.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,239 shares of the aerospace company's stock after selling 2,041 shares during the quarter. Lockheed Martin comprises about 1.0% of Maple Capital Management Inc.'s investment portfolio, making the stock its 29th biggest holding. Maple Capital Management Inc.'s holdings in Lockheed Martin were worth $13,508,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Asset Planning Services Inc. LA ADV increased its stake in shares of Lockheed Martin by 0.5% in the 1st quarter. Asset Planning Services Inc. LA ADV now owns 16,275 shares of the aerospace company's stock worth $7,270,000 after acquiring an additional 75 shares in the last quarter. Cim Investment Management Inc. bought a new position in shares of Lockheed Martin in the 1st quarter worth about $1,056,000. Modern Wealth Management LLC increased its stake in shares of Lockheed Martin by 170.9% in the 1st quarter. Modern Wealth Management LLC now owns 2,923 shares of the aerospace company's stock worth $1,306,000 after acquiring an additional 1,844 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Lockheed Martin by 36.5% in the 1st quarter. Jones Financial Companies Lllp now owns 117,063 shares of the aerospace company's stock worth $51,805,000 after acquiring an additional 31,323 shares in the last quarter. Finally, Silicon Valley Capital Partners increased its stake in shares of Lockheed Martin by 15.3% in the 1st quarter. Silicon Valley Capital Partners now owns 218 shares of the aerospace company's stock worth $96,000 after acquiring an additional 29 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Up 1.4%

NYSE:LMT opened at $470.29 on Friday. The firm has a market cap of $109.79 billion, a P/E ratio of 26.48, a P/E/G ratio of 1.63 and a beta of 0.26. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $618.95. The firm has a 50-day simple moving average of $446.23 and a two-hundred day simple moving average of $458.06.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.57 by $0.72. The firm had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is presently 74.32%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on LMT shares. Royal Bank Of Canada decreased their price target on shares of Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 23rd. Truist Financial lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and decreased their price target for the stock from $554.00 to $440.00 in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. decreased their price target on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. Robert W. Baird reduced their price objective on shares of Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Finally, Susquehanna reduced their price objective on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $494.00.

Lockheed Martin Company Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.

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